How private equity convinced Labour to go easy on its multimillion pound tax perk

The lobbying coup of the decade saw a major climbdown on the chancellor’s planned raid on carried interest. Nils Pratley: Rachel Reeves’s most irritating manifesto fudge “I’m glad I don’t have ...

World - The Guardian - October 31

How will UK tax rises on private equity’s carried interest work?

Changes unveiled in Rachel Reeves’ Budget mean the performance fee will be treated as income from 2026

Business - Financial Times - October 31

Carried interest: private equity’s tax break

The lower-taxed performance fee has helped buyout firms’ executives amass personal fortunes

Business - Financial Times - October 27

UK Budget: Labour Party to Raise Taxes by 40 Billion Pounds

Rachel Reeves, the finance minister, announced substantial tax increases in her first budget as she sought to strengthen public finances and services.

Business - The New York Times - October 30

UK tax raid on private equity could raise £1bn, say researchers

Analysis of HMRC data by Centre for the Analysis of Taxation comes as industry braces for Budget changes

Business - Financial Times - October 25

Unilever shelves planned sale of its ice cream business to private equity

Chief executive Hein Schumacher wants to separate division as part of turnaround plan

Business - Financial Times - Yesterday

Taxes will go up no matter who becomes president. The question is, how much?

Putting campaign promises aside, the realistic prospect is for hard choices and initiatives that are limited in scope.

Politics - The Hill - October 29

Private equity eyes a deal with Reeves on carried interest

Labour’s agenda highlights tension between raising taxes and courting internationally mobile financiers

World - Financial Times - October 29

Why These Fast-Growing Companies Turned to Private Equity

PE firms get a bad rap. These CEOs partnered with them anyway.

Business - Inc. - November 7

Can the private sector deliver Labour’s housebuilding boom?

Government still has to tackle how commercial incentives limit supply of new homes

World - Financial Times - October 23

How Democrats Made It Easy for Trump

Why the 2024 election’s outcome was uniquely foreseeable.

Top stories - The New York Times - November 8

Senators take aim at big private equity landlords as rents soar

With home and apartment rental costs soaring, four Democratic senators are calling for more scrutiny on Wall Street financiers snatching up rental homes.

Japanese lift maker Fujitec explores sale to private equity

Talks with multiple groups including Sweden’s EQT have taken place in recent months

World - Financial Times - October 30

UK hits wealthy with raids on non-doms, private equity and estates

Chancellor pressed ahead with contentious changes to offshore trusts used by rich foreigners

Business - Financial Times - October 30

Outgoing Manulife CEO says more scrutiny of private equity deals ‘welcome’

Roy Gori says increased oversight would be a way to reinforce confidence in the insurance industry

Business - Financial Times - 3 days ago

Grant Thornton UK picks private equity over US merger

Accounting firm agrees to sell stake to buyout group Cinven

World - Financial Times - Yesterday

Private equity landlords' screening process discriminated against renters, lawsuits contend

Two large private equity-backed landlords discriminated against prospective tenants by relying on faulty screening systems, according to two lawsuits.

UK Labour’s Budget borrows big, taxes more

Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowing

World - Financial Times - October 31

Labour doesn’t know who ‘its people’ are

Government inability to define group at core of its tax pledges reflects lack of political direction from top

Business - Financial Times - October 29

Taxes, spending and borrowing all higher as the new Labour government seeks to 'rebuild' the UK

British Treasury chief Rachel Reeves says taxes will rise by $52 billion to plug a hole in the public finances and provide new funding for the U.K.‘s cash-starved public services, as she announced ...

World - ABC News - October 30

Budget watchdog will break impartiality, claims Hunt

The former chancellor says the publication of a review which could criticise the Conservatives on Budget day would "cross a line".

The Papers: Labour targets waiting lists but tax rises 'won't cure NHS'

The measures expected in Wednesday's Budget, particularly those focused on the NHS, lead the papers.

Britain's Labour Party Bets on Big Taxes, Borrowing to Boost Economy

The U.K.’s new government presented its plan to jolt the country out of years of moribund growth: more taxes and a bigger state.

World - The Wall Street Journal - October 30

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